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Old 01-01-2004, 09:21 PM
Dick Watson
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Default Re: Budget Creation / Categories

Debts should show up in the debt section. In general, however, the principal
portion of your payments isn't a budgeted expense since you spent that money
a long time ago. (E.g., when you bought a $200,000 house with a $180,000
mortgage, you spent $200,000 on the house and added a $180,000 liability of
help you pay for it.) The budget is trying to help you manage whether you
are getting richer or poorer, not how much money you have in each pile
(Forecast Cash Flow).

"Brian" <anonymous[at]discussions.microsoft.com> wrote in message
news:00ce01c3d0ad$18de7e60$a501280a[at]phx.gbl...
- quote -

> I am in the process of setting up a budget for the new
> year (can you say New Year's resolution?). I noticed
> that several of my normal expenditures weren't listed
> when automatically generating the expenses. Here's the
> issue...I have an account set up for my mortgage. When I
> make a mortgage payment from my checking account, the
> category for that transaction is "Transfer to <mortgage
> account> ". I don't categorize anything as Bills:Mortgage
> Payment, etc. So, how do I include my mortgage (and car
> payments, etc) in my budget so that Money will
> automatically update my budget with the correct figures?



  #-1  
Old 01-01-2004, 08:20 PM
Brian
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Posts: n/a
Default Budget Creation / Categories

I am in the process of setting up a budget for the new
year (can you say New Year's resolution?). I noticed
that several of my normal expenditures weren't listed
when automatically generating the expenses. Here's the
issue...I have an account set up for my mortgage. When I
make a mortgage payment from my checking account, the
category for that transaction is "Transfer to <mortgage
account> ". I don't categorize anything as Bills:Mortgage
Payment, etc. So, how do I include my mortgage (and car
payments, etc) in my budget so that Money will
automatically update my budget with the correct figures?

Thanks a bunch!
Brian
 

Tags
budget, categories, creation
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